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Politics : Formerly About Advanced Micro Devices

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To: Road Walker who wrote (508154)	8/27/2009 6:24:17 AM
From: Brumar89	Read Replies (1) of 1578100

Govt stimulus spending in various downturns compared: directorblue.blogspot.com Combined monetary and fiscal spending as percent of GDP this time is 29.9%! Had never been higher than 8.3% in previous downturns and that was during the Great Depression. To put the Obama-Pelosi-Reid spending frenzy into historical perspective, I turn to this graph, culled from Grant's Interest Rate Observer, dated August 21, 2009: ...... No government in the history of the world has engaged in this kind of orgiastic spending spree. .... ..... But don't worry, the vast amount of real world, executive experience among the likes of Frank, Obama, Pelosi, Rangel, Reid and Schumer are certain to lift us out of this mess. Just trust 'em. They insist they know what they're doing. Check out the chart developed by Grants Interest Rate Observer from FR and CBO data.

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